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Jun 30, 2022
U.S. Cellular Q2 2022 Earnings Report
UScellular's second quarter performance showed increased retail service revenues and ARPU, driven by their growth strategy.
Key Takeaways
UScellular reported total operating revenues of $1,027 million for the second quarter of 2022, a slight increase from $1,014 million in the same period last year. Net income attributable to UScellular shareholders was $21 million, or $0.25 per share, compared to $35 million, or $0.39 per share, in the same period one year ago. The company is seeing momentum in fixed wireless and their tower portfolio.
Total operating revenues increased to $1,027 million, compared to $1,014 million year-over-year.
Service revenues reached $783 million, up from $774 million in the same period last year.
Net income attributable to UScellular shareholders was $21 million, or $0.25 per share.
UScellular reaffirmed its full-year 2022 guidance for service revenues, adjusted OIBDA, adjusted EBITDA, and capital expenditures.
Forward Guidance
UScellular reaffirmed its full-year 2022 guidance. Service revenues are expected to be between $3,100 million and $3,200 million. Adjusted OIBDA is projected to be in the range of $750 million to $900 million. Adjusted EBITDA is estimated to be between $925 million and $1,075 million. Capital expenditures are anticipated to be in the range of $700 million to $800 million.
Positive Outlook
- Service revenues are expected to be between $3,100 million and $3,200 million.
- Adjusted OIBDA is projected to be in the range of $750 million to $900 million.
- Adjusted EBITDA is estimated to be between $925 million and $1,075 million.
- Capital expenditures are anticipated to be in the range of $700 million to $800 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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